A simple way for your donation dollars to go even further

If you hold investments in a taxable investment account that have appreciated in value, consider donating the investments themselves to JAZZ.FM91. By donating investments that have appreciated in value you will be exempt from the capital gains tax on the donated investment. You’ll also receive a tax receipt for the fair market value of your donation.

JAZZ.FM91 encourages all donors who are planning a significant gift to seek independent legal and/or financial planning advice.

Types of qualifying investments:

• Shares, bonds or rights listed on a designated stock exchange
• Mutual funds
• Exchange-traded funds
• Interest in related segregated funds
• Government bonds

How to donate securities to JAZZ.FM91

Interested in donating securities to JAZZ.FM91? It’s easier than you think! Just follow these three simple steps.

Step 1: Contact our securities administrator at sendicott@jazz.fm.

You will be provided with a form that will include the details of our investment account, and other fields that you will need to fill in to execute the transfer. At this time, we will also loop in our investment account manager, and we will make sure that we have your name and contact information on file so that your donation, once received, will be properly credited to your record.

Step 2: Complete the form and send it to your broker or adviser.

Your broker/adviser is responsible for initiating the transfer, but please copy sendicott@jazz.fm as well as our investment manager so that we are all aware that the transaction is under way.

Step 3: Let us know when the transfer is complete.

Securities are transferred into our account without attribution, so be sure to let us know once the transaction is complete. We will verify the amount to be receipted, which corresponds to the value of the shares when legally transferred to JAZZ.FM91’s account. Note that it is the station’s policy to sell the shares at the earliest opportunity.

Still have questions? Contact us at sendicott@jazz.fm for more information or assistance with your securities donation.

Fill out your contact information to receive the form

Please use your legal name

Donating to JAZZ.FM91 by way of the following can also offset taxes that are imposed after life on your estate.

Life insurance policy

You can donate a life insurance policy to charity in these ways:

Name JAZZ.FM91 as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your death, JAZZ.FM91 will receive the policy proceeds and your estate will receive the tax benefits – the donation limit in the year of death (and preceding taxation year) is increased to 100% of the person’s net income.

• Transfer ownership of an existing policy to JAZZ.FM91 and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you’ll still pay them, but you’ll also receive tax receipts in the amount of your payments.
• Take out a new policy in the name of JAZZ.FM91. You’ll receive a charitable tax receipt for the cash value of the policy and for any premiums you pay.

Bequests in your will

Leaving a gift to JAZZ.FM91 under your will may produce a valuable tax credit on your final tax return. In the year of death and the prior year you may be able to claim a donation tax credit for up to 100% of your net income. You may choose to bequeath a percentage of your estate instead of an absolute dollar amount so that the amount of your gift is automatically kept in line with the amount of your wealth.

Naming JAZZ.FM91 as a beneficiary to your RRSP, RRIF, LIF or TFSA

You may consider naming JAZZ.FM91 as a beneficiary of your RRSP, RRIF, LIF or TFSA. When a charitable organization such as JAZZ.FM91 is named as a beneficiary the proceeds of the account are paid directly to the charity upon death. This helps to reduce probate fees on an estate.

JAZZ.FM91 encourages all donors who are planning a significant gift to seek independent legal and/or financial planning advice.